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USD/CAD Forecast: CAD Retreats, USD Advances On Jobs Data
Article By:
Yohay Elam
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Monday, April 8, 2024 6:57 AM EDT
Data revealed that Canada’s economy unexpectedly shed 2,200 jobs in March. The US added an impressive 303K jobs in March.
Fundamentals support further upside for the USD/CAD pair.
USD/CAD Forex Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Monday, April 8, 2024 6:15 AM EDT
The USD/CAD Elliott Wave Analysis for the day chart provides traders with a comprehensive view of the potential price movements of the US Dollar against the Canadian Dollar, employing Elliott Wave principles for technical analysis.
Pairs In Focus - Gold, Silver, EUR/GBP, DAX, SP 500, NASDAQ 100, CAC, EUR/JPY
Article By:
Christopher Lewis
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Sunday, April 7, 2024 4:07 AM EDT
Weekly Major Markets Forecast: Gold heads for $2500, Silver squeezes shorts. EUR/GBP eyes 0.86 breakout. DAX, S&P 500, and CAC show recovery signs; NASDAQ eyes 18,500. EUR/JPY bullish, targeting ¥165.
USDCAD Analysis Today And Price Prediction Forecast - Saturday, April 6
Video By:
Frano Grgic
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Saturday, April 6, 2024 3:25 PM EDT
The weekly forecast for the bordering dollars: USD and CAD.
Canada Is Now Experiencing A Hard Landing
Article By:
Norman Mogil
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Friday, April 5, 2024 10:50 AM EDT
Evidence is piling up that the Bank of Canada is not able to engineer the vaulted soft landing after a brutal series of rate hikes.
In this article: EWC
US Employment Data To Set Dollar's Course
Article By:
Marc Chandler
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Friday, April 5, 2024 7:45 AM EDT
The focus is squarely on the US employment report. At the risk of oversimplifying, given the position adjustment in the past 48 hours, a solid report can see the greenback recover.
Impossible Home Prices Are The Problem
Article By:
Danielle Park, CFA
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Thursday, April 4, 2024 11:40 AM EDT
The median Canadian household income of $85k (Dec 2023) now qualifies for a maximum home price of $496k (assuming 20% down, 25-year amortization, and current mortgage rates (5-year fixed).
In this article: EWC
USD/CAD Remains Under Selling Pressure Below 1.3530 Amid Weaker US Dollar, Higher Oil Prices
Article By:
Lallalit Srijandorn
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Wednesday, April 3, 2024 9:50 PM EDT
The USD/CAD pair trades on a softer note near 1.3520 on Thursday during the early Asian trading hours. The rise of crude oil prices to their highest levels since October boost the commodity-linked Loonie.
USD/CAD Analysis: Tight Price Realm Displayed As Crucial Data Awaits
Article By:
Robert Petrucci
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Wednesday, April 3, 2024 5:34 AM EDT
Yesterday’s trading in the USD/CAD continued to display equilibrium in the currency pair for the time being, however important jobs data is coming from the U.S which is sure to stir up volatility.
Gold, Oil, And Interest Rates Rise
Article By:
Marc Chandler
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Tuesday, April 2, 2024 8:56 AM EDT
The market put more weight on the rise in the US ISM manufacturing survey than the downward revision to the manufacturing PMI and the unexpected back-to-back decline in construction spending.
China PMI Is Better Than Expected But The Greenback Still Rises Above CNY 7.23
Article By:
Marc Chandler
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Monday, April 1, 2024 8:08 AM EDT
The dollar is trading quietly against the G10 currencies as European markets remain on holiday. Narrow ranges have prevailed. The dollar-bloc currencies are leading with minor gains, perhaps helped on the margins by better-than-expected Chinese PMI.
Light Blue Skies Ahead For Canadian Heavy Oil Producers
Article By:
Keith Schaefer
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Saturday, March 30, 2024 1:40 PM EDT
It feels like the start up of the new Trans Mountain pipeline has been coming for years. Now the day is truly upon us – the Trans Mountain Expansion is expected to start up in less than three months. This will be a boon for Canadian oil producers.